Shares of Neenah Inc (NYSE:NP) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 1 year consensus price objective of $67.00 for the company and are predicting that the company will post $0.90 earnings per share for the current quarter, according to Zacks. Zacks has also given Neenah an industry rank of 194 out of 256 based on the ratings given to its competitors.
A number of research analysts recently commented on NP shares. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th.
In other Neenah news, VP Larry Newton Brownlee sold 5,000 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $62.52, for a total transaction of $312,600.00. Following the sale, the vice president now owns 17,246 shares of the company’s stock, valued at $1,078,219.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of NP. Arizona State Retirement System raised its position in shares of Neenah by 0.6% during the second quarter. Arizona State Retirement System now owns 26,164 shares of the basic materials company’s stock worth $1,767,000 after purchasing an additional 155 shares during the period. Confluence Investment Management LLC raised its position in shares of Neenah by 3.2% during the second quarter. Confluence Investment Management LLC now owns 75,128 shares of the basic materials company’s stock worth $5,074,000 after purchasing an additional 2,296 shares during the period. HGK Asset Management Inc. raised its position in shares of Neenah by 19.5% during the second quarter. HGK Asset Management Inc. now owns 5,820 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 950 shares during the period. Copeland Capital Management LLC raised its position in shares of Neenah by 19.8% during the second quarter. Copeland Capital Management LLC now owns 220,693 shares of the basic materials company’s stock worth $14,908,000 after purchasing an additional 36,530 shares during the period. Finally, Skyline Asset Management LP raised its position in shares of Neenah by 5.9% during the second quarter. Skyline Asset Management LP now owns 117,800 shares of the basic materials company’s stock worth $7,957,000 after purchasing an additional 6,600 shares during the period. 92.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:NP traded down $1.33 during midday trading on Friday, hitting $63.73. The stock had a trading volume of 80,630 shares, compared to its average volume of 87,728. Neenah has a 12 month low of $56.67 and a 12 month high of $96.15. The company has a current ratio of 2.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $63.89. The firm has a market capitalization of $1.08 billion, a P/E ratio of 18.21, a P/E/G ratio of 4.10 and a beta of 1.34.
Neenah (NYSE:NP) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. Neenah had a net margin of 3.17% and a return on equity of 13.71%. The firm had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $262.00 million. During the same period in the previous year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. On average, research analysts predict that Neenah will post 3.13 EPS for the current year.
Neenah Company Profile
Neenah, Inc produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries.
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